|SB 0559||Creates the Agribusiness Development Authority|
|LR Number:||2601S.01I||Fiscal Note:||2601-01|
|Committee:||Agriculture, Conservation, Parks & Tourism|
|Last Action:||01/31/00 - Hearing Conducted S Agriculture, Conservation, Parks||Journal page:|
|& Tourism Committee|
|Effective Date:||August 28, 2000|
SB 559 - This act creates the Agribusiness Development Authority. The 12 member board is authorized to issue bonds and notes as needed, grant a 50% tax credit for contributions to the agribusiness development fund, and lend up to $5 million to value added agricultural businesses in Missouri. The aggregate amount of authorized tax credits may not exceed $10 million.
This act is similar to SCS/SB 502, 1999.